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Certificate Proposal QuestionsCertificate Name: Finance certificateCIP Code: 52.0201Using the Standard Occupational Classifications (SOC Codes) the primary occupational group for which this certificate will train the student:List all six-digits codes that reflect occupations in which the graduates of the proposed program will be trained for employment: 11-0000 Management Occupations and 13-0000 Business and Financial Operations OccupationsContact Name: Heather Lawrence-BenedictContact email: lawrech@ohio.eduContact phone: 740-597-1520Dept/Administrative unit: College of BusinessAnticipated start date (semester and year): Summer 2020Anticipated length of the certificate in semesters including summers (2 years = 6 semesters): 28 weeks/4, 7-week coursesCertificate Level: Graduate/Post-BachelorsTotal credits: 12Will programmatic accreditation be sought? AACSBWill this certificate lead to an endorsement or licensure? If so please describe. No.Were more than 50% of the courses in this certificate created specifically for this certificate (i.e. they were not part of an existing certificate or degree program)? No.Certificate Type (see definitions above):Gainful Employment—continue to Certificate Proposal Questions Part B: Gainful Employment Certificate supplemental question formCertificate Proposal Questions Part B: Gainful Employment Certificate Supplemental Question FormPlease answer the following questions:Total program length in weeks or semesters: _28 weeks/4, 7-week courses____ Circle: Weeks or SemestersIs the program programmatically accredited, if such accreditation is required by a federal government entity or by a governmental entity in the state in which the institution is located or by any state within the institution’s Metropolitan Statistical Area (MSA)? Higher Learning Commission and AACSBFor the state in which the institution is located or in which it is otherwise required to obtain state approval under 668.9, does the program satisfy the applicable education prerequisites for professional licensure or certification requirements in that state? Not applicable.Narrative description of how the institution determined the need for the program. For example, describe what need this program will address and how the institution became aware of that need. If the program is replacing a current program(s), identify the current program(s) that is being replaced by the new program(s) and provide details describing the benefits of the new program(s). If the program will be offered in connection with, or in response to, an initiative by a governmental entity, provide details of that initiative. The institution must retain documents that support this description for review or submission to the U.S. Department of Education upon request.Ohio University College of Business will be offering graduate-level certificates as a means to deepen knowledge and skill in a specific discipline. While all students must have successfully completed a bachelor's degree, we anticipate some students will have completed a master's degree and wish to continue their education. Other students will apply their completed certificate towards a full master's degree program, including OHIO's Master of Science in Management, MBA, Master of Business Analytics, and Master of Accountancy. Graduate Business Certificates provide a means to enhance a learner's effectiveness in their current professional role, update their skills, prepare for a promotion, or support a career shift. The College of Business considered the following sources in evaluating the need for Graduate Certificate Programs:?Ohio University MBA Alumni. Since the introduction of concentrations within our MBA programs, current students and program alumni have expressed interest in completing a second concentration to pursue a second subject matter more deeply. The certificate provides a means for MBA alumni to do so. ?Prospective Ohio University MBA candidates. Each year we review approximately 400 applications to our part time online and hybrid MBA programs. On average, these students have 8 years' professional experience and are balancing a full-time job and family while considering a degree program. A frequent expressed concern is the commitment to a two-year degree program. The option to begin with a certificate provides students with a valuable credential and skillset, and a “try-out” of going back to school for a full degree. We anticipate students who wouldn't otherwise be willing to make a 2-year commitment find that the certificate program either develops the sought knowledge and skills or allows them to easily transition into a degree program aware and confident of the required commitment.?Corporate Partners. Our corporate partners, located primarily in Central Ohio, have expressed interest in providing skill development opportunities to their employees that are more in-depth and rigorous than executive education but less time consuming than a full master's degree program. Particular attention was paid to in-demand skill sets in their organizations which align with subject matter of offered certificates. That certificates can be applied to master's degree programs is particularly appealing to corporate partners and their employees. ?Market Research. In deciding which disciplines to pursue as certificates and as MBA concentrations, Ohio University conducted market research via its partner, Pearson, as well as a competitive scan of other credit-bearing certificates offered by accredited universities nationwide. The research conducted by Harris Insights & Analytics in May 2018 (n=1221) on behalf of Pearson suggested that the demographic for a certificate student aligns neatly with our typical part-time online graduate student demographic: 80% employed, 91% with bachelor's degrees, aged 25-49, and 2+ years' work experience in their current occupation. Four top motivations for pursuing a certificate program are professional development, increase in pay, increase knowledge and skills in field of business, and opportunity for long-term advancement. While we are unable to predict with precision the percentage of students who will choose to apply their certificate to a master's degree program, this same research suggests that 80% of certificate candidates are more inclined to pursue a certificate if it leads to a full degree. With OHIO's experience serving this demographic with full master's degree programs, we anticipate a seamless transition to the addition of high-quality academic certificate programs. In conclusion, Ohio University Graduate Business Certificates will provide an academic credential from a regionally accredited College of Business designed specifically for a part-time, working professional demographic. OHIO's program will provide students with a high-touch experience taught by graduate-level-qualified faculty, with a proactive student success and retention strategy to facilitate positive student outcomes.Narrative description of how the program was designed to meet local market needs, or for an online program, regional or national market needs. For example, indicate if Bureau of Labor Statistics data or State labor data systems information was used, and/or if State, regional, or local workforce agencies were consulted. Include how the course content, program length, academic level, admission requirements, and prerequisites were decided; including information received from potential employers about course content; and information regarding the target students and employers. The institution must retain copies of documents and its analysis for review and submission to the U.S. Department of Education upon request.Ohio University College of Business has been delivering high quality degree programs to part-time, online degree students since 2008. Flexible scheduling, length of program, hours of work required per week were all listed as influential factors in deciding to enroll in a certificate program, according to the Harris Insights & Analytics Survey. OHIO's prior experience with part-time, online graduate programs along with completed market research led to program design elements including: ??Students enroll in one course at a time, with more than one entry point per year??Courses are shorter format, typically 7 weeks to accommodate two back-to-back courses per semester??A certificate can be completed in less than six months, taking one course at a time??Courses are 100% online, utilizing both synchronous and asynchronous learning formats. All synchronous learning is recorded for later review, or in the event students are unable to join.??Virtual office hours are offered at least once weekly per course and are hosted by the faculty member to provide additional support and facilitate student-faculty engagementIn addition, national market considerations led to the following certificate subjects and design elements:??All certificates are fully applicable to at least one Ohio University College of Business master's degree program, a characteristic deemed important in market research. ??Certificates are in subjects that are in demand by employers nationwide and across industries??Applicants who have successfully completed an undergraduate degree with any major from a regionally accredited university are welcome to apply, consistent with OHIO's graduate degree programs.Narrative description of any wage analysis the institution may have performed, including any consideration of Bureau of Labor Statistics wage data related to the new program. The institution must retain copies of analysis documents for review and submission to the U.S. Department of Education upon request.Industry Average Starting SalaryAverage Industry Growth RateFinance $ 74,201 Growing slowly This information is from the National Association of Colleges and Employers (NACE).Narrative description of how the program was reviewed or approved by, or developed in conjunction with, one or more of the following:Business advisory committees Program integrity boards Public or private oversight or regulatory agencies (not including the state licensing /authorization agency and accrediting agency) Businesses that would likely employ graduates of the program For example, describe the steps taken to develop the program, identify when and with whom discussions were held, provide relevant details of any proposals or correspondence generated, and/or describe any process used to evaluate the program. The institution must retain, for review and submission to the U.S. Department of Education upon request, copies of meeting minutes, correspondence, proposals, or other documentation to support the development, review, and/or approval of the program. --Finance: The finance certificate was designed in conjunction with the College of Business Finance department advisory board. As with all curriculum decisions in the department, we work with the advisory council to make best efforts to ensure our curriculum is consistent with improved student prospects for securing new positions and promotions. Our advisory council is comprised of alums with companies likely to employ graduates and most council members have a wealth of experience in roles with direct or indirect input on hiring decisions.Date of the first day of class. Include both: The first day the program was or will be offered by the institution, and Fall 2019 semesterThe day you would like to begin disbursing Title IV funds to students enrolled in the program. Summer 2020 ................
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